Question

Country Real GDP 2014 Real GDP 2015 Blissful Acre $150,000,000 $156,000,000 Happy Haven $6,000,000 $6,300,000 Use...

Country

Real GDP 2014

Real GDP 2015

Blissful Acre

$150,000,000

$156,000,000

Happy Haven

$6,000,000

$6,300,000

Use the table above for the following questions

  1. What is Blissful Acre’s rate of growth of real GDP?
  2. What is Happy Haven's rate of growth of real GDP?
  3. If Blissful Acre’s population growth between 2014 and 2015 is 2%, what is the rate of growth of real GDP per capita
  4. If Happy Haven’s growth rate of real GDP per capita is 2.5%, what is the rate of growth of population?
  5. Using the rule of 70, how long will it take each country to double its real GDP?
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